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Topic: Free Betting Competition $6000 in Prizes Sponsor: Betking.io (Discussion Thread) - page 17. (Read 29943 times)

legendary
Activity: 1582
Merit: 1059
First of all let me state you are doing an excellent job in setting this competition up.
Thanks a lot, we are doing our best as usual!

I just want to be sure I won't make mistake ( only in lucky case I'll manage to win some prize ofc ); considering I'll wear all the three incentives to reduce restrictions and wagering requirements

1) if I'll choose to receive daily challenge prize in form of bonus betting balance I will have to bet the prize amount three times @ 1.3 or higher and while doing so it won't count for leaderboard purposes.
Is that correct?

Yes, you are correct. If you wear all three incentives, you can do that for Daily Challenge prizes, and bets made with bonus money will not be eligible for the competition.


In case it is, may you please explain (as I never used free bets or bonus balances at Betking) if there is an easy way to take everything ( min odds rollover requirements) under control for each prize? Is that possible I will use without knowing it Maybe it's easier than I think but it worries me a bit.

I'm already checking that with Betking.io, and I will let you know as soon as possible.
I think there could be 3 scenarios here (but again, I need to check with Betking, and this is not the official announcement yet):
- Allowing users to receive their prizes in a different account (this way it would be easy to manage everything, and there would be no risk of making invalid bets for the competition, since bet made with bonus money are not eligible).

- Paying all prizes (including weekly and daily prizes, only at the end of the competition).

- Of course that if BetKing.io has an easy way to manage all prizes the other options won't be necessary, but I don't know if they have that, so I will let you know as soon as possible.

2) similarly regarding weekly prizes does it mean I'll have to bet them 2 times @1.3 or higher?

You are correct again. This would be the benefit for Weekly prizes, if you wear all three incentives.

Another question regarding the bolded part

Quote
The starting bankroll will be 8mBTC. We will adjust it each week if the BTC price changes to much.


Why adjusting it : does it mean registration will remain open to new participants or adjustment will be made in order to keep min and max bet limits related to USD value of starting bankroll?

Also min and max bet limits remain related to starting bankroll amount and are not influenced by balance variation due to bets outome?

Yes, the point in adjusting the bankroll on a weekly basis (if needed of course), would be to keep the value of bets related to the USD value of starting bankroll. If changes are small we probably won't do anything, but if the changes are to big, we will do it to keep everything fair for everyone.

As for min and max bets (1% to 5%), are always connected to the current bankroll. So yes, your bet stake will be influenced by your profits and losses during the competition (current bankroll = the bankroll that reflects your profits and losses during all your bets)


Sorry for the fire of questions  Grin

No problem we are here to help!

Good luck!
jr. member
Activity: 125
Merit: 3
Karma is like 69 : You get what you give
its going to be all bonusbet and freebet awards.
i think it was better to give real cash prize instead of giving them like it (and you add this rules on 9th aug - i think most of entrans doesnt look at it ) . actualy its gonna be gamble after all .its not a competition.
maybe bettking.io wants to do kyc from competition entrants. so that will be fantastic.

Hello khatarnak, I would like to start by making a correction to your post.
Restrictions and Rollover requirements rules (as well as all other rules actually), where published on the 23 of July in the old Registration Thread (here is the link if you want to check: https://bitcointalksearch.org/topic/m.42735093)

Registration was only opened on the 1st of August, so users were aware, or at least should have been aware of all the rules before they've registered.

We created a new self-moderated thread on the 9th August, and that's why you are seeing that date, but all the information remained equal to what was already presented in the old thread.

As for being a gamble, I don't know why you say that. Users will be making bets during the entire month, and if they get some prizes, that means that they probably know what they are doing, since we made our best to reduce the luck factor in this competition. So I believe that anyone that manages to reach our prizes, should have no problem in completing the rollover requirements. They are really quite low.

Worst case scenario you will be betting 3 times the prize amount @1.5 or higher, and if you use our incentives, you can bet the prize amount only 2 times @1.3 or higher, and you will have no restriction on our Monthly Prizes (so you can still get prizes as real cash prize if you want). Plus, don't forget that all prizes will be available for betting once you receive them, so you don't have to risk any money while you complete the requirements.

By the way, right now you are only using our sig incentive, don't forget to use our Personal Text as well, and Avatar once we provide the link, in order to reach the max benefits.

Here is the link with all the resources.

Good luck!

about first part of your post you are absolutely right. it was my overlook.
second follows first when it came on rules but still its not a good idea.
i am familiar with third part . but there are questions.
after rollover original stake counts or we get just winning?
 is it possible to manage prize for rollover like bankroll? or it should be rollover with all of the money?
is this automated in the website or we should calculate it manually?
and about bankroll right here. you said below 1% and above 5% is unacceptable.could you specify the right stake for the start?
its 17 aug and i didnt get any balance?when it finally starts?
sorry about the questions . its to much i know  Grin
and about avatar i am just jr.member and cant wear avatar.
have a good day.
legendary
Activity: 1582
Merit: 1059
its going to be all bonusbet and freebet awards.
i think it was better to give real cash prize instead of giving them like it (and you add this rules on 9th aug - i think most of entrans doesnt look at it ) . actualy its gonna be gamble after all .its not a competition.
maybe bettking.io wants to do kyc from competition entrants. so that will be fantastic.

Hello khatarnak, I would like to start by making a correction to your post.
Restrictions and Rollover requirements rules (as well as all other rules actually), where published on the 23 of July in the old Registration Thread (here is the link if you want to check: https://bitcointalksearch.org/topic/m.42735093)

Registration was only opened on the 1st of August, so users were aware, or at least should have been aware of all the rules before they've registered.

We created a new self-moderated thread on the 9th August, and that's why you are seeing that date, but all the information remained equal to what was already presented in the old thread.

As for being a gamble, I don't know why you say that. Users will be making bets during the entire month, and if they get some prizes, that means that they probably know what they are doing, since we made our best to reduce the luck factor in this competition. So I believe that anyone that manages to reach our prizes, should have no problem in completing the rollover requirements. They are really quite low.

Worst case scenario you will be betting 3 times the prize amount @1.5 or higher, and if you use our incentives, you can bet the prize amount only 2 times @1.3 or higher, and you will have no restriction on our Monthly Prizes (so you can still get prizes as real cash prize if you want). Plus, don't forget that all prizes will be available for betting once you receive them, so you don't have to risk any money while you complete the requirements.

By the way, right now you are only using our sig incentive, don't forget to use our Personal Text as well, and Avatar once we provide the link, in order to reach the max benefits.

Here is the link with all the resources:
https://bitcointalksearch.org/topic/m.43760741

Good luck!
legendary
Activity: 3206
Merit: 1885
Metawin.com
its going to be all bonusbet and freebet awards.
i think it was better to give real cash prize instead of giving them like it (and you add this rules on 9th aug - i think most of entrans doesnt look at it ) . actualy its gonna be gamble after all .its not a competition.
maybe bettking.io wants to do kyc from competition entrants. so that will be fantastic.
There's no entrance fee and the rewards are considered like a bonus for us participants since we'll be betting with our own money. The rollover for the prizes is not that high if you know how to manage your bankroll it can be cleared easily plus you have an option to wear sigs so you can easily reach the rollover. Adding KYC just for this competition would discourage people from joining because imagine joining the competition and ended up getting nothing.
jr. member
Activity: 125
Merit: 3
Karma is like 69 : You get what you give
Restrictions and Rollover Requirements

Restrictions
- We need that at least half of our registered entries complete 80 valid bets for the competition per month, in order for Full Prizes to be paid.
- This number should not exceed 50 (so if we have more than 100 registered entries, we will only need 50 of those to make the minimum 80 valid bets in order for full prizes to be paid)
- If that number is not reached, Betking.io reserves the right to Cut the prizes in Half.

- Each player needs to place 80 valid bets per month in order to qualify for prizes. [very important]

Rollover Requirements
- The rollover requirements described bellow can be lowered/changed, if participants use our "Sig/Avatar/Personal Message Incentives".

Daily Challenge Prizes Rollover requirements
- Please read "Sig/Avatar/Personal Message Incentives" to learn how to lower/change these requirements
- Daily Prizes will be paid in the form of Free Bets (see definition bellow)
- Free bets needs to be placed @1.5 or over

Weekly Prizes Rollover requirements
- Please read "Sig/Avatar/Personal Message Incentives" to learn how to lower/change these requirements
- Weekly Prizes will be paid in the form of Bonus Betting Balance (see definition bellow)
- A player will need to bet 3 times the prize value before he can withdraw funds from his account
- Only bets placed @1.5 or above will count for this rollover requirement

Monthly Prizes Rollover requirements
- Please read "Sig/Avatar/Personal Message Incentives" to learn how to lower/change these requirements
- Monthly Prizes will be paid in the form of Bonus Betting Balance (see definition bellow)
- A player will need to bet 1 time the prize value before he can withdraw funds from his account
- Only bets placed @1.5 or above will count for this rollover requirement

Prizes Definitions
Free Bets (definition)
- The player will get a credit on his account.
- He will be able make one bet with the entire credit at once but he will only get his winnings, and the betting stake will not be refunded.
Example: A user gets a $10 Free Bet. He bets $10 @1.5 and wins. He will get a payout of $5 from that Free Bet, instead of $15 (the $10 betting stake was not refunded in his winnings).

Bonus Betting Balance (definition)
- The player will get a credit on his account.
- He can manage this credit anyway the wants in order to place normal bets.
- He will get the stake refund on every bet, so these prizes will be treated as a normal betting balance.
- The player will only be allowed to withdraw from his account once he clears the prize rollover though.

its going to be all bonusbet and freebet awards.
i think it was better to give real cash prize instead of giving them like it (and you add this rules on 9th aug - i think most of entrans doesnt look at it ) . actualy its gonna be gamble after all .its not a competition.
maybe bettking.io wants to do kyc from competition entrants. so that will be fantastic.
Pif
member
Activity: 153
Merit: 18
First of all let me state you are doing an excellent job in setting this competition up.
I just want to be sure I won't make mistake ( only in lucky case I'll manage to win some prize ofc ); considering I'll wear all the three incentives to reduce restrictions and wagering requirements

1) if I'll choose to receive daily challenge prize in form of bonus betting balance I will have to bet the prize amount three times @ 1.3 or higher and while doing so it won't count for leaderboard purposes.
Is that correct?

In case it is, may you please explain (as I never used free bets or bonus balances at Betking) if there is an easy way to take everything ( min odds rollover requirements) under control for each prize? Is that possible I will use without knowing it Maybe it's easier than I think but it worries me a bit.

2) similarly regarding weekly prizes does it mean I'll have to bet them 2 times @1.3 or higher?


Another question regarding the bolded part

Quote
The starting bankroll will be 8mBTC. We will adjust it each week if the BTC price changes to much.


Why adjusting it : does it mean registration will remain open to new participants or adjustment will be made in order to keep min and max bet limits related to USD value of starting bankroll?

Also min and max bet limits remain related to starting bankroll amount and are not influenced by balance variation due to bets outome?

Sorry for the fire of questions  Grin
legendary
Activity: 1582
Merit: 1059
Important Update

Hello everyone, hope you guys are ready for the start of our Betting Championship, that will happen on the 17th at 00h forum time (so less than 24h now). I think that the only information missing is the starting bankroll and avatar for those that will use our rollover incentives.

- The starting bankroll will be 8mBTC. We will adjust it each week if the BTC price changes to much.

- The link to the avatar will follow soon. You already have the other resources so get ready to set them up for the start of the competition.

- We will also add columns related to the min and max bet stake (1% to 5% of current bankroll), so that calculating your bet amounts for the competition wont be a problem. Don't forget that a bet bellow 1% of current bankroll makes it invalid, and a bet above 5% will still count for the competition, but as if it was made with just 5% (you will of course get paid in full in your account, and only the effect on the leaderboard will be different)

- We will provide you with the link to the live leaderboard soon.

- The First Daily Challenge will also be announced soon!

If you have any questions, please let us know.
legendary
Activity: 1582
Merit: 1059
Hello Everyone, don't forget that the Competition goes live on the 17th August at 00h forum time.

Registration is OPEN, so join us to have a chance to grab a piece of our prizes.
Over $2000 monthly in prizes!!!

You can register in our Registration Thread:
https://bitcointalksearch.org/topic/free-betting-competition-2000-prizes-sponsor-betkingio-registration-thread-4855219
legendary
Activity: 2562
Merit: 1071
Small update: the Personal Message has been posted above (https://bitcointalksearch.org/topic/m.43760741) - Avatar coming soon. Smiley


[...] This is the Personal Message we would like participants to use:

Code:
Betting Championship betking.io/sports-leaderboard

As you can see in this post, using this message will reduce the minimum odds requirement of the rollover from 1.5 to 1.3, and can be combined with the Signature and Avatar for more advantages.
legendary
Activity: 2562
Merit: 1071
Personal Message

This is the Personal Message we would like participants to use:

Code:
Betting Championship betking.io/sports-leaderboard

As you can see in this post, using this message will reduce the minimum odds requirement of the rollover from 1.5 to 1.3, and can be combined with the Signature and Avatar for more advantages.





Avatar

This is the Avatar:



It gives participants the option to receive their Daily Challenge Prizes as "Bonus Betting Balance" instead of "Free Bets".





Signatures

And finally, here are the signatures. As FrueGreads explained above, using these signatures during the competition will reduce the Weekly Prizes' rollover requirements quite a bit (and will offer even more advantages when combined with the Avatar and Personal Message), so you might want to give them a shot. Wink



Newbie and Junior Members

Code:
BETKING | Bitcoin Sports, Casino and Dice

BETKING | Bitcoin Sports, Casino and Dice



Members

Code:
[url=http://betking.io/?ref=btctalk]BETKING[/url] | [url=http://betking.io/?ref=btctalk]Bitcoin Sports[/url] | [url=http://betking.io/?ref=btctalk]Bitcoin Casino[/url] | [url=http://betking.io/?ref=btctalk]Bitcoin Dice[/url]

BETKING | Bitcoin Sports | Bitcoin Casino | Bitcoin Dice



Full Members


Code:
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BETKING | Bitcoin Sports | Bitcoin Casino | Bitcoin Dice



Senior Members


Code:
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BETKING | Bitcoin Sports | Bitcoin Casino | Bitcoin Dice


Code:
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legendary
Activity: 2562
Merit: 1071
I believe we are still missing bank size in BTC. Let us know that so we can deposit the funds and get ready for the start. I know we don't need full bank for competition, just amount for the bets is enough but this way I'll have better control of my bet sizes and statistics.

I know this next one will probably not be possible, but it would be great if we had option to put bet in percentage of our bank size. If that is not possible than it would be great if we can see our bank sizes and min-max bet amounts each day on some sort of competition dashboard.

Thanks for the suggestion, Trofo. Both the starting and current competition bankrolls will be kept visible and updated at all times, but I'm not sure it will be possible to implement the rest, at least for now (the min-max bet amounts part might be doable - we'll let you know how it turns out).

As for the starting bankroll value in BTC, we were thinking of doing the conversion closer to the start of the competition, around the 15th, or 16th, but let me talk to FrueGreads and see if we can't do it sooner. Smiley
legendary
Activity: 1582
Merit: 1059
Total registered users: 21
Total registered entries: 32

Registered with Sig/Avatar/Pm incentives
Bolt Brownie: (wearing all possible incentives for a Senior Member)
- Bolt
- Bolt2

White sugar: (wearing all possible incentives for a Legendary Member)
- Whitesugar
- whitesugar1
- whitesugar2

Omikifuse: (wearing all possible incentives for a Legendary Member)
- Omikifuse
- Omikifuse1
- Omikifuse2

Pif (wearing all possible incentives for a member)
lolgato1 (wearing all possible incentives for a Senior Member)
khatarnak (wearing all possible incentives for a Newbie)
patt0 (wearing all possible incentives for a Legendary Member)
sintaro: andante (wearing all possible incentives for a Newbie)

damir10 (wearing all possible incentives for a Jr. Member)

Registered with multi entries
Trofo:
- Trofo
- TrofoAlt

vd309:
- halyos
- pipin
- moji2

Joca97:
- Joca97
- Joca972
- Joca973

slasher0489:
- slasher04
- slasher048
- slasher0489

Single registration
miha8
ralle14
Gennady12
nemanja1994
Mapagmahal

bitbollo: fedetwins
GT0Bot
Gkenneth2
legendary
Activity: 2506
Merit: 2574
Join the world-leading crypto sportsbook NOW!
I believe we are still missing bank size in BTC. Let us know that so we can deposit the funds and get ready for the start. I know we don't need full bank for competition, just amount for the bets is enough but this way I'll have better control of my bet sizes and statistics.

I know this next one will probably not be possible, but it would be great if we had option to put bet in percentage of our bank size. If that is not possible than it would be great if we can see our bank sizes and min-max bet amounts each day on some sort of competition dashboard.

legendary
Activity: 1582
Merit: 1059
Important Update

Hello everyone, we finally have an official date in order to GO LIVE!!! (17th August 00h Forum Time)

As you know we've reached the minimum number of required players to start this competition a few days ago, and we decided to wait until the launch of a few more major European football Leagues, so that you have more options to bet on.

BetKing.io was also working with there operators in order to improve their odds.

We've reduced the margin across all sports. You should now get better odds than most of the competition Smiley

If there's anything that we missed let me know and I'll change.


Everything is settled now, so we will launch this competition on the 17th August 00h Forum Time (Next Friday!)
Use these next days to get more familiar with all the information available in our Sig/Avatar/Personal Message Incentives (Listed in the Opening Post of this thread), and place any questions you might have. Also take your time to get familiar with Betking.io interface, and feel free to make any questions you might have.

For those that requested the Sig/Avatar/Personal Message Incentives, we will add the missing resources (link to avatar and personal text) soon.
legendary
Activity: 1582
Merit: 1059
@Trofo Just talked to BetKing.io and they are sorting out their markets right now. Their goals are to improve their current odds, and add missing markets, so those issues you are seeing on the Tennis Markets should be solved soon.



Important Update
As everyone should have noticed right now, we already reached the minimum required number of participants in order to go live.

I will make another post with the official starting date, but it should probably be on the 17th.

Although we are ready to start tomorrow, we don't want anyone to miss the first betting day, so it's probably better to give everyone enough time to get ready. Most users like to bet on football anyway, so if we start on the 17th, we will have more markets to bet on, since Serie A and La Liga will start next week, and we will only be missing the first games of the Premier League and French League.

We are almost there so stay tuned!!!
legendary
Activity: 1582
Merit: 1059
Just wanted to test Betking a little today and lost 10 minutes trying to find matches tennis matches from big tournaments this weak (Montreal & Toronto). Is it possible that Betking offers betting on following
Spain - ITF Men - Pozoblanco - Hard
USA - ATP Challenger Aptos - Hard
USA - ITF Women - Landisville - Hard
while it doesn't offer ATP 1000 in Canada?

Am I doing something wrong???

Hi Trofo, thanks for your question. I will talk to BetKing about it, and let you know as soon as possible.
legendary
Activity: 1582
Merit: 1059
This post will be divided in the following sub topics

- Normal Point System
- Bonus Point System

Normal Point System
- When registration closes, we will divide the total number of participants by 2. Let's call that number X.
- We will then award daily points based on that number (X). (e.g. if we have 24 Participants, we will award 12 participants with points)
- Each day we will sort participants by their Daily ROI%, and award them points from the highest Daily ROI%, to the Xth lowest Daily ROI%.
- In case of ties we will use Global Average odds in order to solve the tie (player with highest average odds will win).

- A player needs to make at least 3 bets per day in order to receive points on that given day. [very important]
- Our Daily Betting time Frame has 24h and starts each day at 00h UTC.
- Only Bets that settle on that given day, will be counted for the minimum bet requirement of that given day. [very important]
(exception to this, is when the reasons for the bet to remain unsettled could not be controlled by the user)

For example:
- Player A ranks first on that day with 20% Daily ROI and gets 12 points;
- Player B ranks second with 19% Daily ROI and gets 11 points;
- Player C ranks third with 15% Daily ROI, but he only made 1 valid bet during that day instead of the minimum 3. He will not receive any points, and those points will be given to the next player that qualifies for points, both with Daily ROI% and number of valid bets.
- We will keep doing this, until we get player 12th that gets 1 point;


Bonus Point System
- We will also award some bonus points, still based on their Daily ROI%.
- That bonus will be equal to that player's Daily ROI% divided by 2, and can never exceed the max points that player would get with the normal system.
- Bonus points are only given to users with positive Daily ROI%.
- A player can only receive Bonus Points, if he qualified for normal points as well.

For example (Still awarding 12 points to the first 12 players, after sorting them by Daily ROI%):
- Player A ranks first with 30% Daily ROI.
- 30/2 = 15, but since the max allowed points from the normal system is 12, he only gets 12 bonus points instead of 15. So he would get a total 12 + 12 bonus = 24 points.

- Player B ranks second with 5% Daily ROI.
- 5/2 = 2.5. Since he is allowed to get 11 points for ranking second, he can receive the total 2.5 bonus points. So he would get a total 11 + 2.5 bonus = 13.5 points.

Why is this system better than just using global ROI%?
Check our reasons here
legendary
Activity: 2506
Merit: 2574
Join the world-leading crypto sportsbook NOW!
Just wanted to test Betking a little today and lost 10 minutes trying to find tennis matches from big tournaments this weak (Montreal & Toronto). Is it possible that Betking offers betting on following
Spain - ITF Men - Pozoblanco - Hard
USA - ATP Challenger Aptos - Hard
USA - ITF Women - Landisville - Hard
while it doesn't offer ATP 1000 in Canada?

Am I doing something wrong???
legendary
Activity: 1582
Merit: 1059
This post is divided in the following Sub Topics

1. Registration Process
2. Betting Rules (how to make valid bets)
3. Side Notes


1. Registration Process
1.1 Create one or up to three accounts at Betking.io (our sponsor) if you don't already have them
1.2 One account is needed for each entry you would like to use (see Rule 1.6 about Multi Entry).
1.3 Make a post in our "Registration Thread", informing us that you will be joining our competition, and provide us with your Betking.io Username

1.4 Minimum bankroll $50 (Bitcoin equivalent).
1.5 There is no need to make the $50 deposit. You can participate as long as you are able to make valid bets for this competition (Check Point 2. "Betting Rules", for more information on Valid Bets).

1.6 Each player can register up to 3 entries for this competition (Multi Entry).
1.7 Each entry will be treated as an unique account, meaning that all rules apply (e.g. number of bets required to qualify for prizes, etc).
1.8 You can compete for prizes with all three entries at the same time (meaning possible multiple prize wins on both Monthly and Weekly formats).

2. Betting Rules (how to make valid bets)
2.1 All Bets must be made from the Betking.io account provided during the registration for this competition. Bets not made this way will not count for the competition.

2.2 Bets need to be made with your own funds. Bets made with free bets, or other bonuses will not count as a valid bet.

2.3 For the purpose of this competition the max bet stake is capped at 5% of your current bankroll.
2.4 For the purpose of this competition the minimum bet stake is 1% of current bankroll. All bets below this amount will not count for the competition.

Note: Please understand that every bet made, above or bellow these values, will of course be fully paid in your account, but they will only affect the competition leaderboard as if they were made with 5% of current bankroll, or will have no effects at all, if they were made bellow 1% of current bankroll.

2.5 A minimum of 80 bet slips must be made during the competition to qualify for prizes.
If you make less you will not qualify for prizes.

2.6 You cannot have "duplicate" bets even if they are made at different odds. If you do so, we will only count the first one.

3. Side Notes
3.1 These rules may suffer changes at any moment. If that happens everyone will be informed.

3.2 This competition will be monitored by me and u9y42, with the help of Betking.io

3.3 A leaderboard for the competition will be created and will be available in Betking.io

3.4 We reserve the right to disqualify users trying to abuse this competition in any way.
legendary
Activity: 1582
Merit: 1059
This post Will be divided in the following sub topics

- Monthly Format explanation
- Table of Points
- Past Winners

Monthly Format explanation
- Users will be awarded daily points based on our Point System
- At the end of the Month, we will announce the winners based on our Prize Distribution.

Table of Points
Will be announced when competition starts.

Past Winners
Prize winners of the Monthly Contest of the Betting Competition
   
1st:Bolt1(250.6987)Won $120 as Bonus Betting Balance
2nd:patt0(237.0273)Won $70 as Bonus Betting Balance
3rd:pipin(228.4264)Won $150 (3 x $50) as Bonus Betting Balance
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