Topic: [HAVELOCK] CasinoBitco.in CBTC - page 34. (Read 149382 times)

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FYI - More news coming this week as lawyers from both teams are in final review of the Acquisition Agreement.

Yes you missed Way UNDERVALUED IMO

And most don't figure out the smart money bought until it finally levels off!..it looks like we still have a ways to go though..just a WAG but we could bust through all time high in the next few weeks..for now it is consolidating between 18-20...holding up really good

CBTC is profitable, growing, responsive, transparent and about to finalise acquisition.  Did I miss anything?

Have I missed something important?  The share price has gone up pretty quickly over the last day or so.

Adding one point here -

We aren't going to limit winners across the board. Winners are more than welcome at CBTC! We just need to protect our bottom line from super-high volume pros.

While I agree with your sentiment, 2 points I'd make here:
1 - As we develop the capability to adjust our lines and limits to better balance action, we'll be able to operate moreso on the Pinnacle model. However, we're still a few months out here from being able to do everything we want to do.
2 - We do happen to be dealing with some of that "1%" professional, winning action - that is certain beyond a doubt (hard evidence here) - and we're assuming the other bitcoin books are as well, thus the lower limits and worse odds over the past few weeks. So, some action is necessary.

Our #'s show about 4%-4.5% for Vegas - about equal to standard -110 vigorish - and a little lower online. With reduced juice, a good target is 3%. However, there are some profitable bettors who need to be monitored to hit that.

I'd argue, then, that maybe CBTC should follow suit. There's a reason the other sites have much higher ROI estimates.

This may have been asked before.
Are there any plans on including any Olympic games into the sportsbook? Hockey?

Most sportsbooks make 5-10% profit over time -- the exception is Pinnacle which has higher volume and sharper lines.  I hear they make 3-5%.

Do you know what the estimated ROI is for other sites? 2% seems a little low for something with such massive swings up and down.

I have read most of this thread and I agree -- Limiting bets is absolutely crucial.

Limiting bets is vital for any casino.  Limiting or kicking out "winners" is a short-sighted death sentence IMO.

And I've very familiar with Kelly criterion and it's importance.

I'm very impressed and hopeful for CBTC's long term success. 

Limiting "winners" is NOT a good idea.  Anyone who understand variance knows that if you have 1000 bettors -- a certain percentage will appear to be "winners".  If you limit them, they can leave... create negative press (CasinoBitco.in DOESN'T WANT WINNERS)... and take their winnings somewhere else where they will eventually LOSE back their "winnings".

Estimates are that 1% of gamblers are long term winners (Solid data coming from friends who have worked in sportsbooks for years). 

CasinoBitco.in hasn't been business for more than a few months and they are already "capping" winners?  This is ridiculous.  95% of who they think are "winners" are probably just having a good run.  They are kicking the "profits out" by limiting them from my experience in the industry.

People here have mentioned "Pinnacle".  They are the KINGS because they don't limit "winners".  They use "winners" to sharpen their lines.  And a lot of "pro wannabe gamblers" just won't play in a site that "limits winners" -- they want to feel like they can just keep on winning.

Will a few sharps get in there?  Sure... But will the sharps consistently win over time?  Very, VERY rare.  And if they do it's part of the game. 

The bitcoin book that models Pinnacle will win.  Anything else will go to the grave.

Are you planning on kicking out winning bettors? 

Agreed 100% - we found this out early on -  and it's my suspicion some of the other books are suffering sharp losses lately. I can say the sharpest of sharp non-bitcoiner professional sports gamblers are now in the mix.

However, we're working hard to counteract sharp players and have responsible dynamic limits.

I can say our lines are very sharp - and we prefer to be as different from the other books as possible - thus the non-Pinnacle lines in some cases.

The expectation currently is a 2% ROI on sports.

Nothing I'm aware of - he can shoot me a PM, or email support [at] casinobitco.in to help out though!

My friend who I referred to this site is now complaining to me that he has been waiting over 24 hours for his withdrawal to process. Any idea what is going on with this?

Yes, still the biggest concern here. The sportsbook is still down quite a lot. Have been recovering quite a bit since the all time low.

This is a good point. Where are our odds even coming from? What prevents people from opening multiple accounts to get around the limits if they knew something the rest of us didn't?

Great!

Also, how much of the profits are saved to increase the bankroll. I think it would be great if the casino could offer higher limits.