I'm not sure if it's even available, but have you guys considered purchasing Bitbook's code for the sportsbook? It was a pretty snappy experience, if I recall.
Topic: [HAVELOCK] CasinoBitco.in CBTC - page 24. (Read 149327 times)
Beleive it or not we reached out to those guys a lot when they were still in business to get some feedback and collaborate - but never had success getting a response, they seemed to take the whole "competition thing" a bit too seriously. That said, we will be working on a redesign of the sportsbook in 2014 now that we have some dedicated UI/UX support in-house.
I'm not sure if it's even available, but have you guys considered purchasing Bitbook's code for the sportsbook? It was a pretty snappy experience, if I recall.
Mid-Month results are in - and we're happy to report a positive change in our Sportsbook!
* Note - the 3rd party number above is raw and doesn't account for their 'take' for assuming all the risk and setting the markets and odds. At the end of the month, we'll show this cost on the public P&L.
* Note - the 3rd party number above is raw and doesn't account for their 'take' for assuming all the risk and setting the markets and odds. At the end of the month, we'll show this cost on the public P&L.
Well at least the Sportsbook is finally positive its been a tricky one for you guys
Thanks for the mid month update and things are looking good
Good job. I think it's a great move to stabilise the variability in the sportsbook.
Mid-Month results are in - and we're happy to report a positive change in our Sportsbook!
Right now we are cautiously optimistic that our new 3rd party is helping our results, but do want to stress that there is a great amount of variance in our industry (both up and down). That said - at the end of the day, long-term, the house (and mathematics) always prospers.
https://docs.google.com/spreadsheet/ccc?key=0AmSWZWkGJ1V3dFpxZHVTN0x6ZldUeHRteWdBd1pMNXc&usp=drive_web#gid=16
CBTC Casino : +7.12 BTC
Bit777 / PeerBet : + 3.975 BTC
Sportsbook (100% Risk): +5.417 BTC
Sportsbook (3rd Party) + 13.273 BTC
* Note - the 3rd party number above is raw and doesn't account for their 'take' for assuming all the risk and setting the markets and odds. At the end of the month, we'll show this cost on the public P&L.
Right now we are cautiously optimistic that our new 3rd party is helping our results, but do want to stress that there is a great amount of variance in our industry (both up and down). That said - at the end of the day, long-term, the house (and mathematics) always prospers.
https://docs.google.com/spreadsheet/ccc?key=0AmSWZWkGJ1V3dFpxZHVTN0x6ZldUeHRteWdBd1pMNXc&usp=drive_web#gid=16
CBTC Casino : +7.12 BTC
Bit777 / PeerBet : + 3.975 BTC
Sportsbook (100% Risk): +5.417 BTC
Sportsbook (3rd Party) + 13.273 BTC
* Note - the 3rd party number above is raw and doesn't account for their 'take' for assuming all the risk and setting the markets and odds. At the end of the month, we'll show this cost on the public P&L.
Awesome job!!! Keep it coming!
Mid-Month results are in - and we're happy to report a positive change in our Sportsbook!
Right now we are cautiously optimistic that our new 3rd party is helping our results, but do want to stress that there is a great amount of variance in our industry (both up and down). That said - at the end of the day, long-term, the house (and mathematics) always prospers.
https://docs.google.com/spreadsheet/ccc?key=0AmSWZWkGJ1V3dFpxZHVTN0x6ZldUeHRteWdBd1pMNXc&usp=drive_web#gid=16
CBTC Casino : +7.12 BTC
Bit777 / PeerBet : + 3.975 BTC
Sportsbook (100% Risk): +5.417 BTC
Sportsbook (3rd Party) + 13.273 BTC
* Note - the 3rd party number above is raw and doesn't account for their 'take' for assuming all the risk and setting the markets and odds. At the end of the month, we'll show this cost on the public P&L.
Right now we are cautiously optimistic that our new 3rd party is helping our results, but do want to stress that there is a great amount of variance in our industry (both up and down). That said - at the end of the day, long-term, the house (and mathematics) always prospers.
https://docs.google.com/spreadsheet/ccc?key=0AmSWZWkGJ1V3dFpxZHVTN0x6ZldUeHRteWdBd1pMNXc&usp=drive_web#gid=16
CBTC Casino : +7.12 BTC
Bit777 / PeerBet : + 3.975 BTC
Sportsbook (100% Risk): +5.417 BTC
Sportsbook (3rd Party) + 13.273 BTC
* Note - the 3rd party number above is raw and doesn't account for their 'take' for assuming all the risk and setting the markets and odds. At the end of the month, we'll show this cost on the public P&L.
Looking forward to mid month report
Ready to snap up some shares if its good #s
Ready to snap up some shares if its good #s
Happy World Cup!
FYI, Mid-month numbers to be posted tomorrow evening.
FYI, Mid-month numbers to be posted tomorrow evening.
May I ask what happened with the June dividend? Until now it has always been paid the first days of the month...
take a look to the report... no payment this monthOh I see... I guess that also explains the drop in price
Drop happened a few days after the no dividend was announced
May I ask what happened with the June dividend? Until now it has always been paid the first days of the month...
take a look to the report... no payment this monthOh I see... I guess that also explains the drop in price
May I ask what happened with the June dividend? Until now it has always been paid the first days of the month...
take a look to the report... no payment this monthYep no payment this month had a loss in the sportsbook casinos they have positive and negative months
https://bitcointalksearch.org/topic/m.7119528
May I ask what happened with the June dividend? Until now it has always been paid the first days of the month...
take a look to the report... no payment this month
May I ask what happened with the June dividend? Until now it has always been paid the first days of the month...
Hello Investors!
We're looking for some help!
World Cup starts tomorrow - and it's a GREAT opportunity to gain some new users as Bitcoin Sports-betting is on the up-trend based on google trends! Now, there's plenty of debate and FUD coming from non-established books on our Odds, and we urge folks to not fall into the traps or scams that have been all too apparent in the Bitcoin Gambling world this past year!
Our message is as follows, and we hope investors share this sentiment in other forums and amongst friends (be sure to use our affiliate system to earn BTC based on referrals)
We offer very reasonable odds in all the major markets, comparable with our competition - and support very large max bets in MLB, World Cup, Tennis and NBA. We've been in operations for a year - and have never had issues with paying out our winners - we're also publicly traded on Havelock Investments.
World Cup: https://www.casinobitco.in/bet-worldcup-soccer
MLB: https://www.casinobitco.in/bet-sports-mlb
NBA: https://www.casinobitco.in/bet-sports-nba
We stress when you want to make a wager - look at the reliable, trusted, established books before falling for any traps out there.
Best of luck to everyone!
* Note - all action for the above 3 sports is leveraging our 3rd party odds provider - so no risk!
We're looking for some help!
World Cup starts tomorrow - and it's a GREAT opportunity to gain some new users as Bitcoin Sports-betting is on the up-trend based on google trends! Now, there's plenty of debate and FUD coming from non-established books on our Odds, and we urge folks to not fall into the traps or scams that have been all too apparent in the Bitcoin Gambling world this past year!
Our message is as follows, and we hope investors share this sentiment in other forums and amongst friends (be sure to use our affiliate system to earn BTC based on referrals)
We offer very reasonable odds in all the major markets, comparable with our competition - and support very large max bets in MLB, World Cup, Tennis and NBA. We've been in operations for a year - and have never had issues with paying out our winners - we're also publicly traded on Havelock Investments.
World Cup: https://www.casinobitco.in/bet-worldcup-soccer
MLB: https://www.casinobitco.in/bet-sports-mlb
NBA: https://www.casinobitco.in/bet-sports-nba
We stress when you want to make a wager - look at the reliable, trusted, established books before falling for any traps out there.
Best of luck to everyone!
* Note - all action for the above 3 sports is leveraging our 3rd party odds provider - so no risk!
Sigh. So tired of being punished for giving a company my money to build their company and holding forever only to find out I could have quadrupled my holdings for even less had I just waited.
I had just bought some shares a few hours before it crashed -_-
Sigh. So tired of being punished for giving a company my money to build their company and holding forever only to find out I could have quadrupled my holdings for even less had I just waited.
Wow, what happens with the share? is very very low.
BTC price went up, so of course the price of the shares went down. Whats worrisome is its relative USD / BTC value also went down, used to be ~6 cents, now ~4 cents.
Edit: Further looking at it, its lost ~25% of its value within the past 3-4 hours. Some whales crashed the price, check out the orderbook.
Wow, what happens with the share? is very very low.
It's good to hear you are taking steps to improve the sportsbook, moving it to the third party should give you time to focus on other improvements without worrying about loses in the sportsbook. Also CasinoBitco is actively communicating with it's customers / supporters which is a great sign. Keep up the good work... 
We trialed traffic in May - which did saves us roughly 9 BTC in losses in the sportsbook.
As of May 30th - we are 100% on the 3rd party for the following sports
1- MLB
2- NBA
3- Soccer (all leagues + world cup)
We are currently working on getting Tennis over to the 3rd party.
The sports we are still accepting all the risk / reward for that are live right now are below
1- NHL
2 - MMA
3 - Boxing
Right now we do fairly well on MMA and Boxing, so we aren't in a rush to move that action... before next NHL season we will move that sport over as well.
Did you not read the report? It was mentioned numerous times that as of June the sportsbook is now being handled by a third party and covering all risk, while only taking 25% profit. That is a far cry from how we are doing now. Not sure how you missed that part...
I did read the report. They were still losing BTC after the switch if I am not mistaken. Im not bashing them, the gambling sector is expected to have losses. Im just saying as an investor, that watching a unit of this business lose consistently is a bit unnerving. Im glad its being outsourced to a 3rd party. Hopefully next months report is brighter.
It says the switch is to take effect as of June(this month), while the report was for last month.
CasinoBitco.in - Can you confirm that this means that we should no longer see any negatives under sportsbook from now on?
As of May 30th - we are 100% on the 3rd party for the following sports
1- MLB
2- NBA
3- Soccer (all leagues + world cup)
We are currently working on getting Tennis over to the 3rd party.
The sports we are still accepting all the risk / reward for that are live right now are below
1- NHL
2 - MMA
3 - Boxing
Right now we do fairly well on MMA and Boxing, so we aren't in a rush to move that action... before next NHL season we will move that sport over as well.
Im a bit dismayed by this month's performance. While yes its usual for bad months, the sportsbook has repeatedly lost large sums. Infact, according to the spreadsheet has lost CBTC nearly $16,000. I would highly suggest looking into selling off the sportsbook section or closing it down. While I understand its important to offer a "complete package" to gamblers, the cost its coming at doesn't justify it. I will be holding my shares, but not adding any additional shares to my portfolio until the sportsbook is sorted out one way or another.
Keep up the hard work!
Keep up the hard work!
Did you not read the report? It was mentioned numerous times that as of June the sportsbook is now being handled by a third party and covering all risk, while only taking 25% profit. That is a far cry from how we are doing now. Not sure how you missed that part...
I did read the report. They were still losing BTC after the switch if I am not mistaken. Im not bashing them, the gambling sector is expected to have losses. Im just saying as an investor, that watching a unit of this business lose consistently is a bit unnerving. Im glad its being outsourced to a 3rd party. Hopefully next months report is brighter.
It says the switch is to take effect as of June(this month), while the report was for last month.
CasinoBitco.in - Can you confirm that this means that we should no longer see any negatives under sportsbook from now on?
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