Topic: Let us talk about a Bitcoin poker room in free fall, betcoin.ag (Read 1472 times)

As previously announced, this ship already sunk!

I anyone still playing here?

Hello everyone, it's time for me to come out with the truth about the recent "delayed" rakeback situation.  This is not easy to do, especially since some of you guys viewed me as a helping hand to resolve issues or expedite support tickets and be an advocate for the players.

The truth is that I have personally mismanaged players' rakeback funds because I have gambled most of it away; I have a gambling problem.  I'm sure Betcoin can attest to this by simply looking at my past gambling records on the site, and most of the cashouts I made were to a few other bitcoin gambling sites which I lost.  The reason I made up the excuse of "delayed rakeback stats" was to buy time so I can get loans or use continued incoming affiliate funds to try to make back what I needed to cover.

In the past you may have noticed there's been similar "delays," though not as prolonged as this one.  Many of which (if not all) were because of my gambling habits in which I lost the funds which I should have set aside to pay out players at the end of the week.  However, I was always able to some how come up with it either taking out loans with every credit line that I have, or somehow winning it back via gambling, which is why this program has been afloat for so long amidst my gambling issues.

I hope you all could see that this delay of player rakeback was not the result of any malicious intent.  I've always tried to help the players under this program to the best of my abilities, a lot of time intervening with support and helping expedite issues they may be having with the ever enhancing Betcoin platform, or sending early rakeback when players needed it.

Currently I am working with Betcoin and a few possible investors to figure out a way to appease all those that haven't received their due rakeback from this program in the past few months.  I have exact records of who is owed what amount.

I apologize and feel incredibly bad for all those that were eagerly awaiting their rakeback, because I've been there before myself.  In no way shape or form have I ever intended to "scam" anyone.  As you know, I started this program back in 2014, and I always did my best to do whatever I can to make sure my players' get their due rakeback.  However this time around I ran out of credit lines and my luck also ran out so I told a bigger lie to buy myself time to figure out a way to come up with player funds.

Betcoin.ag does have some of the sitngos I see but not all.  I do enjoy the hyper sng's personally over at ACR, Blackchip but I have switched my play to the crypto sites for ease and quickness of deposit / withdrawal.  I also think all these sites are pushing gaming further which makes it better for all of us and very happy to support them.

All this coming from a notorious thief....LOL....How many forums have ran you off?  The point is: Betcoin.ag has been around for a long time and it isn't going anywhere.  You and your sock puppet collusion group keep trying to scare traffic to your shady sites by spreading FUD and making up false accusations, but let me ask you....where does your sites rank on Alexa.com?  Smile....Do you know why your traffic is so bad?....You're an obvious thief and real players know that....stop ripping off the noobs thief!

I doubt it's free-falling. They are still quite busy if you check them out, The tables are mostly full and unlike Nitrogen, Even the bigger tables have few players in them.

They aren't as full or busy as before though and I'm sure being red and unable to use the forum did affect them [particularly not being able to obtain the new players coming to the forum, since their default red trust sticks out].

Signature being limited is probably due to them losing popularity in forum and finding it to be ineffective promotion, BTC rising up as well as decrease in overall profit, better for everyone else, Now you wouldn't need to see that red-striking painful signature all the time.

Honestly, I think Nitrogensports has more people playing certain times. I log onto Betcoin and sometimes can't find a table to sit at because there's just not that many people playing. I have also ran into a few bots at betcoin

Sites like SwC or Nitrogensports have much smaller playerfields than betcoin or ACR, especially when it comes to tournaments.

Betcoin tournaments have over 10 times (or more) the participant amount when it comes to tournaments because it is a part of the WPN.

I very much doubt paying tournament prizes will cause any issues in betcoin, as the tournament prize guarantees are always met by the amount of participants in the tournament.

Has there been any poker cashout embezzlement cases?

No, because then betcoin wouldn't be allowed to be a part of the Winning Poker Network.

Why aren't you suing them for big money then?

Weren't you supposed to be the one to help players sue these scamming casinos?

If the case is so obvious, there would be a lot of money to be made in this instance.

Anonymous: NitrogenSports, SWC
Why anonym?

This would be indeed a huge advantage for anonymous tournament players, if betcoin.ag was not a publicly proven scam, where you do not know if you will receive larger prizes won!

Betcoin.ag has to pay the 500 Bitcoins jackpot, but you could also sue Betsoft for assistance in fraud. I explained it here: Betsoft scam gaming software.

Xiaoxiao itself confirmed that the casino revenue is only a very small percentage of his affiliate commissions. And Betcoin.ag is clearly known for their poker room and not casino or sports betting primarily.

If the poker traffic would be the same, then Xiaoxiao would have not reduced the rakeback percentage heavily and their motto would be not CUT, CUT, CUT. The Alexa rank free fall is surely also caused by a poker room decrease.

I believe their poker room is still doing the same as before the indicent. Rather the casino games, such as the Betsoft slots have lost a lot of players, which means that the casino is losing a lot of their revenue. Even though they have 5% or so rake, that still makes the poker revenue much smaller when compared to all the casino games. That's why it's safe to assume it's in freefall, since even though their poker playerbase remained the same, they lost a lot of players in the casino section. Many live poker rooms (within a casino) for example have shut down their operations, because running a poker game simply isn't nearly as profitable as people betting on blackjack or playing high-edge slots.

What do you care? are you the one causing their failure or you just don't like gambling services that are not taking you serious?

I am sure it has to do with the downtrend seen in Poker in general, due to which bitcoin users or sites are affected even more. The online trend is going away. The traffic as a matter of fact is falling on almost every other poker website.

The betcoin.ag scam is in free fall on Alexa Global Rank: 165,138 - 58,004 = 52% down within 2 months!

What do you think, will they go out of business soon?

They limited the signature campaign payment for their 70 promoters to only 100 posts per month in December 2016. Could this be the reason why they fall so heavily?  

They didn't limit it earlier because bitcoin wasn't sitting on a solid $1000 floor... I wish that they still allowed 150 posts, but they are paying more or less the same money as they did a couple months ago when bitcoin was cheaper and they accepted 100 posts, even tho they also lowered the rates tho...

We'll see, im happy with the signature campaing and I have never had any problems with the staff. I would like rates a bit higher considering the posts got cut by 50, but look at the other signature campaings.. it's not like they are making a lot of competition, rates are shit nowadays.

How do you know that a lot of poker players did move their tails backward with bitcoin? Do you have a statistic available?

What is the reason why they moved their tails backward with bitcoin?


20 players in average are a lot of players?

Yes, gamblers are everywhere, but they have to find your offer and this requires to advertise your offer. But if you have a bad reputation like betcoin.ag, then the recruitment costs per player could be not sustainable!


But this is the first time that they limit it. Why did they not limit it earlier? And suddenly all the cuts everywhere, while they were not able to rise their traffic with the previous actions.

Yeah, you know the alexa rank of world traffic shows betcoin has decrease on customers, they lose them because of that non-payment jackpot. Maybe they deserve it?

It is a typical behaviour of betcoin.ag to ignore issues and complaints!